Gold price edges up as the post-NFP USD rally falters amid US fiscal concerns

  • Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and for now, seems to have stalled its retracement slide from a one-and-a-half-week high touched the previous day. Traders dialled back expectations that the Federal Reserve (Fed) will cut interest rates in July following the release of stronger-than-expected US jobs data on Thursday.